Southport Acquisition Corp. Amends Proxy Statement Amid Planned Merger with Angel Studios.

Southport Acquisition Corp. has amended its joint proxy statement related to its planned business combination with Angel Studios, potentially allowing the combined company to bypass certain corporate governance standards and impacting market positioning and investor relations. The company's market capitalization is $88.56M with an average trading volume of 3,553.

Southport Acquisition Corp. (OTC: PORT) has amended its joint proxy statement in preparation for its planned business combination with Angel Studios Inc. This move could potentially allow the combined company to bypass certain corporate governance standards, impacting market positioning and investor relations. The amended proxy statement was filed with the Securities and Exchange Commission (SEC) on July 22, 2025 [1].

The amendment to the joint proxy statement is significant because it could affect the corporate governance structure of the combined entity. Typically, a public company must adhere to certain governance standards, such as the composition of the board of directors and the voting rights of different classes of shares. The amendment could allow the combined company to deviate from these standards, which might be seen as advantageous by some investors but could also raise concerns about transparency and accountability.

Market analysts have noted that the amendment could have implications for the combined company's market capitalization and trading volume. Southport's current market capitalization stands at $88.56M, with an average trading volume of 3,553 shares [2]. The merger with Angel Studios, which has a substantial membership base and growing revenue, could significantly alter these metrics.

Investors are advised to carefully review the amended proxy statement and other relevant documents before making any voting or investment decisions. The documents filed with the SEC will provide detailed information about the proposed transaction, including the business combination agreement and Angel's investor presentation [1].

Angel Studios, with its values-based distribution model and approximately 1.5 million paying members, has seen substantial growth in its Guild membership and revenue. The merger with Southport Acquisition Corp. is expected to accelerate Angel's mission of empowering audiences to support stories that amplify light, while gaining access to public markets and broader capital resources [1].

In conclusion, the amendment to Southport's joint proxy statement is a critical step in the merger process with Angel Studios. Investors should closely examine the implications of the amendment on corporate governance, market positioning, and investor relations. Detailed information about the proposed transaction is available on the SEC's website at www.sec.gov [1].

References:
[1] https://www.prnewswire.com/news-releases/angel-studios-inc-marks-milestone-toward-becoming-publicly-traded-sets-meeting-date-for-shareholder-approval-302531836.html
[2] https://www.marketwatch.com/investing/stock/port